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Case studyA and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was:It was agreed that following transactions will take place:A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value.B. All the debtors proved good except a person C who did not pay Rs. 10,000.Q.The accumulated profits and reserve are transferred to:a)Revaluation A/Cb)Realisation A/Cc)Partner’s Capital A/Cd)Cash/Bank A/CCorrect answer is option 'C'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Case studyA and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was:It was agreed that following transactions will take place:A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value.B. All the debtors proved good except a person C who did not pay Rs. 10,000.Q.The accumulated profits and reserve are transferred to:a)Revaluation A/Cb)Realisation A/Cc)Partner’s Capital A/Cd)Cash/Bank A/CCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Case studyA and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was:It was agreed that following transactions will take place:A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value.B. All the debtors proved good except a person C who did not pay Rs. 10,000.Q.The accumulated profits and reserve are transferred to:a)Revaluation A/Cb)Realisation A/Cc)Partner’s Capital A/Cd)Cash/Bank A/CCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Case studyA and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was:It was agreed that following transactions will take place:A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value.B. All the debtors proved good except a person C who did not pay Rs. 10,000.Q.The accumulated profits and reserve are transferred to:a)Revaluation A/Cb)Realisation A/Cc)Partner’s Capital A/Cd)Cash/Bank A/CCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.

Here you can find the meaning of Case studyA and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was:It was agreed that following transactions will take place:A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value.B. All the debtors proved good except a person C who did not pay Rs. 10,000.Q.The accumulated profits and reserve are transferred to:a)Revaluation A/Cb)Realisation A/Cc)Partner’s Capital A/Cd)Cash/Bank A/CCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Case studyA and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was:It was agreed that following transactions will take place:A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value.B. All the debtors proved good except a person C who did not pay Rs. 10,000.Q.The accumulated profits and reserve are transferred to:a)Revaluation A/Cb)Realisation A/Cc)Partner’s Capital A/Cd)Cash/Bank A/CCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Case studyA and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was:It was agreed that following transactions will take place:A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value.B. All the debtors proved good except a person C who did not pay Rs. 10,000.Q.The accumulated profits and reserve are transferred to:a)Revaluation A/Cb)Realisation A/Cc)Partner’s Capital A/Cd)Cash/Bank A/CCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Case studyA and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was:It was agreed that following transactions will take place:A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value.B. All the debtors proved good except a person C who did not pay Rs. 10,000.Q.The accumulated profits and reserve are transferred to:a)Revaluation A/Cb)Realisation A/Cc)Partner’s Capital A/Cd)Cash/Bank A/CCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Case studyA and B were partners in a partnership firm. Due to the ill health of B they decided to dissolve the firm. The position of Assets and Liabilities on the date of dissolution was:It was agreed that following transactions will take place:A. A wanted to start the business in sole proprietorship So he took Building and Furniture at 10% less than book value.B. All the debtors proved good except a person C who did not pay Rs. 10,000.Q.The accumulated profits and reserve are transferred to:a)Revaluation A/Cb)Realisation A/Cc)Partner’s Capital A/Cd)Cash/Bank A/CCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.